AlTi Global (NASDAQ:ALTI) Share Price Crosses Above 200 Day Moving Average – Here’s Why

AlTi Global, Inc. (NASDAQ:ALTI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.41 and traded as high as $4.75. AlTi Global shares last traded at $4.51, with a volume of 154,049 shares trading hands.

AlTi Global Stock Down 5.1 %

The company’s 50-day moving average price is $4.05 and its 200 day moving average price is $4.41. The stock has a market cap of $630.63 million, a PE ratio of -2.58 and a beta of 0.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.57.

Insider Buying and Selling at AlTi Global

In related news, insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the transaction, the insider now directly owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the transaction, the insider now directly owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kevin P. Moran sold 137,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now owns 27,637 shares of the company’s stock, valued at approximately $110,548. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,399 shares of company stock valued at $662,377 in the last three months. 22.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AlTi Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALTI. AlTi Global Inc. grew its stake in shares of AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock worth $4,023,000 after acquiring an additional 11,216 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of AlTi Global by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after buying an additional 11,834 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of AlTi Global during the 2nd quarter worth approximately $76,000. SG Americas Securities LLC acquired a new position in shares of AlTi Global during the 3rd quarter worth approximately $63,000. Finally, Rhumbline Advisers increased its position in shares of AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 19,547 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.